ERIC Number: ED060812
Record Type: RIE
Publication Date: 1972-Feb
Reference Count: 0
Update Study of the Financial Condition of Independent Higher Education in the Commonwealth of Pennsylvania.
Commission for Independent Colleges and Universities, Harrisburg, PA.; McKinsey & Co., Inc., Washington, DC.
A study completed in Winter 1971 report on the financial condition of institutions affiliated with the Commission for Independent Colleges and Universities (CICU). Its analysis showed a steady deterioration of financial operating results from a positive $10 million to a negative $1 million. The purpose of the present study was to: (1) measure the current financial condition of CICU institutions; (2) ascertain the actions being taken by institutions in response to financial pressures; and (3) supply institutions some comparative resource and financial data from the earlier study. The results of the update study present a picture that is hopeful in some respects but troublesome and complex in others. They reveal, on the one hand, that in an overall view, the financial crunch has lessoned considerably. But many institutions, at the same time, have experienced steadily worsening problems. It is considered by the authors that the 1970-71 improvement may only be short-term in nature. (HS)
Publication Type: N/A
Education Level: N/A
Authoring Institution: Commission for Independent Colleges and Universities, Harrisburg, PA.; McKinsey & Co., Inc., Washington, DC.